CONGRATULATIONS HSN!

snowcollector
02.28.15 6:07 PM

Shares of HSN’s stock rose 4% on Friday due to higher than expected earnings announced on Thursday, February 26, 2014. In fact a $10 per share special dividend was paid according to The Street. The Street went on to say that HSN’s digital sales climbed faster than overall revenues, up 12% year over year and that mobile sales make up 50% of the company’s overall sales.

Business Insider interviewed CEO Mindy Grossman and said that " HSN is crushing retail with 3 big innovations: customizing online experiences, offering exclusive products and changing the digital experience." Further, it was reported that overall sales grew 14% in 2014 compared with 4.1 growth across the retail industry. Fashion & jewelry led the way as usual…

Only a year or two ago, I read that HSN’s average customer was 70% female, 55 years old with an aggragate income of $100,000 and that 25 to 30% of their marketing pie was from mobile/internet sales. However at the time, the average age of the mobile/digital market was comprised of a much younger demographic than 55…about 35 to 40 years old.

Now that 50% of sales come from mobile business, the old 55 year old demographic must be trending to a younger average age. The rest of the demographics must be changing, even if subtly.

Congratulations HSN, MIndy Grossman & family (employees!) What an achievement!

sort replies - newest | oldest

- Kathzy
- 03.02.15 3:46 AM
Con graduations HSN. Maybe you could put some stock up in the Rewards Store……..Ronnie
- CATHERINE
- 03.01.15 8:24 PM
It’s a great stock and still worth buying.
- PATTYF
- 03.01.15 5:46 PM
Paying a special dividend is always nice.

A special dividend is also a way to put tens of millions of dollars into the pockets of the high level management at a preferential tax rate without appearing to pad his or her compensation. Most high level management owns 10’s of thousands of shares of the companies stock.
- nettea
- 03.01.15 4:26 PM
i think it is great and Iam proud to be with HSN NETTEA 3/.1/17
- tempo30
- 03.01.15 5:21 AM
snowcollector, are you an Hsn insider or do you get paid by Hsn to post? How did you come by this info? I don’t get why this is such great news. It’s certainly great for Hsn, but for us….not really. Since Hsn has such crushing sales, maybe it can reduce its unnecessary and exorbitant shipping fees.
- Sheba2011
- 03.01.15 4:47 AM
Great post Snow!

It’s nice to know.:smileyhappy:
- LoriW57
- 03.01.15 4:44 AM
Great info to read on here snowcollector! Thanks for sharing this!!! :catvery-happy:
- veniceshopper
- 03.01.15 2:55 AM
Oh my!! Yes that’s a great way to give back! Spread the wealth! (pointing to all the customers ??) With use on anything at all and a year to use it! That’s my hint hint HSN?
- veniceshopper
- 03.01.15 2:42 AM
Great post Snow!
- ToffeeDude
- 02.28.15 9:21 PM
Congratulations to HSN, Wonderful numbers, hmm, should be buying into the stock exchange lol, Congrats, tofdude:womanhappy:
- snowcollector
- 02.28.15 7:19 PM
Shares were trading at 67.57 yesterday!
- rachel64
- 02.28.15 6:25 PM
Love this, Snowcollecter!

Thanks for posting. Interesting!

And yes…agreed that we all should have been purchasing shares in order to feed our addictions!!!:)
- Cindy819
- 02.28.15 6:11 PM
Snow…that just goes to show…we’re spending too much money! LOLOL

Congratulations HSN!